Coherent Earnings: Everything You Must Know Now

Coherent Inc. (NASDAQ:COHR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Coherent Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 9.64% to $0.91 in the quarter versus EPS of $0.83 in the year-earlier quarter.

Revenue: Rose 8.82% to $213.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Coherent Inc. reported adjusted EPS income of $0.91 per share. By that measure, the company beat the mean analyst estimate of $0.85. It beat the average revenue estimate of $208.08 million.

Quoting Management: “There are a number of interesting opportunities as we finish fiscal 2013 and enter fiscal 2014. We expect to see meaningful orders in our laser annealing business as early as the current quarter and extending into fiscal 2014. We shipped a 3 kilowatt fiber laser prototype to a lead customer and the initial test results are positive. The next phase of testing is field deployment qualification, which is the precursor to a volume commercial order. And finally, we have delivered lasers to a number of customers who are developing processes for strengthened glass cutting,” said John Ambroseo, Coherent’s President and CEO.

Key Stats (on next page)…

Revenue increased 6.82% from $200.06 million in the previous quarter. EPS increased 8.33% from $0.84 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.92 to a profit $0.93. For the current year, the average estimate has moved up from a profit of $3.32 to a profit of $3.39 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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